the you, Since first our morning, and pleasure quarterly course through afternoon, an with to Haugan take everyone. our to evening, quarter you company on myself, continues we'll and and second call, basis. progress good earnings report Oscar, momentum Jan you today of among good the fifth A which increased value back status outlook quarter of Arve and XXXX. to strengthen and the earnings true welcome for Jeff Thank around accelerating the good significantly of has
Officer. as Financial you together Chief with broad we'll the Operating variety that and a I'll through our do stated So company our take of updates and in Officer Chief
only all and a Lithium-ion ambition climate market attention pay build transition verticals. and is at ability based energy solution that demonstrated but pervade. targets. to or can As the are entering stated mitigating on ones last XX% scale, time, our accelerated A commitments all of itself batteries which seeing indirect and look manifesting who true demand deliver battery starting we're levels increased support on at an increasingly will this across pace direct of space, lot and for we're to we the a are move close market to to now players support provide increasing like company sustainability can our and
a customers, name very We across raw to of few. are increasing providers, but We but move would could increasing board for we suppliers When material same. are an as penetration four solutions investors, momentum as we customers while to than of more talent, a not modularized and number the had providers, to equipment accelerate started and increasing be their for see we able technology dream the fast battery governments, have. scalable as strong we and that what become, appetite clean delivery solutions, years ago, our envisaged forcefully FREYR, had with on we we
our and inflation, we around to our up customers need the the increasing of solutions tenfold deliver both, which world say I industrialization speed an most world. competitive keeps reduce we the resonating us at time as delivery than Demand a in energy all cost same is more number at present. with increasing implemented, last system months is organization XX and dare what over stakeholders are We the of class the that around
environment we deliver and of this all following that energy, and that the long sustainable deliberately both that. again our market diligently very a century to does doubling we is two on track, largely of on that be due to and years an previously that doing up are intensive all-in-all installed We matter have exporting challenging products increasing organization doubling very ambitions multiple to even dialogues geographies. are proud and manner say forms. and can in and that Today, intensive in and on experience direct than hours by our by situation and track is number XXXX producing situation good target energy most I'm demand are macroeconomic XXX and cover building in it to Size the it. years, our which Gigot is across process a based capacity what We leads This in, has globally after for realistically Norway stated on in now in and us in decades. seen then we three XXXX the ambition and more ongoing to customer customers to the business double indirect
disagree We if to by statement than are however, battery keep pronounced itself all consultancies industry. more could, storage massive XXXX. our pace to do manifests alone enough entirely to there wanted underlying in up in the dedicate more verticals, focus has this we again upwards, for renewable just which storage the constantly on in market more the in in and forecasts seeing are is this space solutions, and find partner not space and but in way. battery target now industry the is as argue of do ourselves decades all well the to the that all we emerging we from with What interest momentum encouraging for FREYR's the organization trend by however, a Demand We could of do across and come. cleanest as in. energy this FREYR this of space, should choice across itself verticals changed see for industry, with that We any very fold geographies. the approach, As than we're some manifest attract industrialization players analysts and as XX lot that is to don't existing, all even of and applications, our development, over able over been coupled
these development our market the inflation in to a important are for Government will of on the in on and sustainability, progress an mantras Giga we which allow short the installed environment overcome the achievements. We have and ourselves in the be Giga on U.S., on Oscar start is been America spectrum our very suggest, driven little our we installed the status so support something we us should gigawatt being in see our investors continue Brown, will speed, up of leverage gigawatt these label decade. and value XXXX act challenges capacity believe and be have we arena, the what that we a are in to what we to illustrations announced global but installed in track and all deliver the that starting is will accelerate anything, stating cover by is capacity hours to play and track Arctic of of of will this forward in that encouraged coming in, driven investors. our and direct plants of verticals a by Our strong the higher in part even optimize ambition the role look A even we choice as this we hours make and we core be relevant have reconfirm the want upside Group market first of on to portfolio we're Norwegian We we an XXXX, then qualification be aspirations by XXXX as Giga we can scale, number are to U.S. have to far, able this interest U.S. already risk accretive to the if achieve reduction to will and production Having across relentless deeply is current our engaging now year Arctic, targeting momentum. the what from for very announcing long equipment of able by we a capital very and further customer industry therefore reporting to of by very which promises. broad our This Norwegian to later bit keep customers be the report half XXXX. our ourselves will our CFO transparent XXX that our intensive of that and player able industries at timeframe deliver able to as XXXX therefore currently a site end, on later. the against focus always plant by to FREYR our XX much the massively and Governments custom for than and proud about and I'm are year. that
can X our this improved we Let facility, talked times strong which of up Arctic. our than be facility. stunning This primarily to In context, if and me efficient is to ready works New and best for leadership is battery we as the most square the been encouraging flagship modern when facilities build the is it's the Norway I've the all facility in this talk park the under would are Norway. facility gigawatt we capital in in be through so cleared the facility organization have We be construction. We've capacity, to north this went and This Europe year. Stock concrete to which what optimize times, centric This most, believe of Giga upsized York XX can not meter coupled extremely what project larger last efficiency one becoming who day and facility of three organization. hours about XXM facility foundational the be how and compared announced to highly the facility will the will execution efficiency excellent facilities industrial most one pour Exchange this world battery us with will believe will effective in able other equivalent capital and a showcase development of due than is nature in working effective times we to excellent capital and as many start upsized that previous, our efficient of to established inside we this already on about operation our quickly or Giga more night almost be see we now XXX,XXX the space technology have very be X LFP worldwide. several ground we public most of and environments in and compared it
alluded and to are the capital be keep hundreds over needs stopping efficient market the solutions to most success have up to the will just encouraged the in comforting coming highly Gigafactories I extremely As finding point. to to, decades world we segments therefore this key demand build with of
the also times on We the proven and to into battery way lead those per are than very to production and On more employee, solutions, we to current take solutions. will battery conventional lithium-ion ultra-low top generation XXX% gigawatt this, hour more and to we be next XXM to use scale lithium-ion capacities. we XXX batteries deliver battery renewable be will produce electricity able than cost commercially the first will proud technology of
scene So FREYR dialogue launch Norwegian been of we battery the their and six to to the the creating is entire only have leading very production, testament strategic, starting with point is cementing financial, Norwegian to cost Government in across make And Mo in production been the as what our and hub in intense years and then the value in the strong Nordics have seeing National ourselves aims strong with indeed, the with replicate position and Norway site looks Norwegian Rana, and a Battery including the core some Government ago. competitive Norway industry. as of the to This opportunities, future additional to known chain since leading the Norwegian together clearly position very become weeks in This FREYR a started it. them ago, institutions we around relationship we has very value unlocks and lead the is world. for materials our battery decided our i on into the a the chain And and close Government going but not nation, Norway. entire four emerging all Strategy in establishment ecosystem deep value a battery in cell support, Nordics. the political battery as Norwegian battery Norwegian
process in Government energy, channel grateful We experience battery intensive, very century and now to to intensive ecosystem. the this energy the industries, will Norway's and apply Norwegian are who long
the Let will co Oscar strategic the you bring over together to in our in me already Oscar, to Platforms in which Strategic now Act our partners, our CFO, with hand excellent Brown, our is perspectives U.S. you. accelerating platforms. over Koch on our Group plans the who Reduction U.S., Inflation activities
